Price action and chart pattern trading: > The weekly price currently trading below EMA200 W with a possible 4-wave correction rising wedge pattern, approaching target EMA200D > Entry @ rising wedge breakdown > Target @ 0.618 extension rising wedge target +20%+ > Stop @ EMA200D -10% downside > Risk reward ratio 2:1 Always trade with affordable risk and respect...
Price action and chart pattern trading setup > Inverted head & shoulders trend reversal pattern > Support Neckline 1st entry at breakout and 2nd entry at pullback > 1st target at SMA50 as key resistance > 2nd target at SMA200 or volume profile point of control > Stoploss at near lowest inverted head position > risk ratio : 2:1 is recommended for medium term...
Let's see how this play out . Feel free to comment & share ur idea Prediction is prediction it can be right or wrong Trade safe n fun!
Good traders will stopped out the position. Best one will reverse it. I can’t remember who said this ,but I did remembered it from the book called The Market Wizard by Jack. I was holding a very large position of KCE in the morning because it was the last Big-Cap stocks in SET that still had a strong big-buyers. But these kind of stock tend to do a very...
KCE has confirmed the reversal. The Daily Moving Average 10 had crossed the 50. Good buying point.
KCE reached the weekly resistance. In my opinion, the volume is not enough to break the long run resistance.
High Buy Volume After Pull Back to 50 Days MVAVG
Uptrending copper price which reflect in the eps for KCE. Hence, the stock price react accordingly.